Parsons Grows U.S. Army Organic Industrial Base Modernization Portfolio with $169.5 Million Award

Core Insights - Parsons Corporation has been awarded a $169.5 million contract by the U.S. Army Corps of Engineers for the design-build delivery of a new Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant, marking a significant new project for the company [1][2]. Company Overview - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure, with expertise in various sectors including cyber and intelligence, space and missile defense, and critical infrastructure protection [5]. Contract Details - The contract will enable the Holston Army Ammunition Plant to enhance its storage capabilities for Ammonium Nitrate Solution, which is a byproduct of explosives manufacturing, and will replace existing storage tanks to support expanded manufacturing operations [2][3]. - This contract is part of a broader multi-year, multi-billion-dollar initiative by the U.S. Army to modernize its organic industrial base, which includes upgrades to facilities and workforce capabilities [3]. Historical Context - This award represents Parsons' third contract from the USACE Norfolk District in four years, following previous contracts for an Explosive Decomposition Chamber facility in 2023 and a design-build contract for an Energetic Waste Incinerator in 2021 [3].